banner_ad

Income Tax Section 206AB

TDS 278 views 1 replies

1] U/s 206AB of Income Tax Act for FY 2022-23 one of the vendor shows status as "Specified Person" as Yes after releasing payment in April 2022

2] We communicate to Vendor through mail that for April 2022 payment TDS rate applicable to him u/s 194C is 5% instead of 2% . ( which was 50000)

3] Vendor inform us do not deduct TDS at higher rate and now on 24/05/2022 he has file his Income Tax Return for AY 2021-22.

4] Vendor have file Income Tax after we release the payment in April 2022.

5] Question arise for payment made in April 2022, whether we have to collect difference of TDS rate u/s 194C @ 3% (5-2)

Thanks in Advance

Replies (1)
Check your inbox


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details